How will persuing mba benefit my IT career goals

I am a BCA(2nd year) student and I aspire to continue in the IT field.
as per the advices of my elders I have begun to prepare for the CAT exam(2011).
Will this benefit my career?If so how? what should be my choice of stream in MBA and what type of colleges should I look forward to?

I have done my MBA from a Bharathiar university TN, I personally feel you should
opt for MCA than MBA to grow with IT. I am still (aft 2 yrs FMCG sales
experience )looking for a change from product sales to IT sales
marketing/Business Analyst profile.

There are two aspects you need to notice and streamline your area of focus.
As you say you are aspiring to continue in IT feild.
MCA is much into technical where in you study some languages and other
stuff. which is a extension of ur BCA.
here you can concentrate on one tool of your interest and try to build your
career.
MBA in overall is generic and into business management. Though you
have specializations like MBA systems which deals with
overall applications of IT in business and much into SDLC, they are
superlative.
So please decide where exactly you want to be in, and groom yourself in that
manner.
Well if you are technically sound then better option is MCA, and if you want
to understand the whole eco-system of business and applications of IT then
prefer for MBA-IT.

MBA through CAT(IIM's) is really going to give you a bigger picture, Let me
explain; my friends ignored few facts....MBA from IIM will give you a
advantage over other regular IT guys..How? You may join MBA IT/Project
management so will be very comfortable to manage complete projects itself
rather than just doing bottom line coding job...You Growth will be much
faster than any other MCA guy....but only from IIM MBA is going to give you
an edge.....IT companies also run by Managers only..Keep it in mind...MBA
can give you more choice in IT company from Project Pre-sale to Project
Management or IT Management.....Good Luck!

Infact I will also suggest you to go for MBA. This will give you ample of opportunity rather than just sticking with one part of business.

Let me give you my example. I am an MBA from one of the top 10 MBA college in India. At the start of my career I got an opportunity to not only work with one of the big MNC but also started my career in SAP by getting sponsered by them to do my certification (for a person from middle class background 4.2 Lakhs is a big money).

I have seen many IT companies comes to B-school with good profiles, which is most sought after in IT career.

All those who have expressed their views are right. It is true that MCA
makes you technically qualified in the field of IT and you may excel in the
field. Doing an MBA from a reputed B-School , specializing in
Systems-perhaps, could give you not only a technical insight but also a
bird's eye view of how IT helps the business community. You could also learn
more of business processes along with IT related technical expertise.

It all depends on the sphere within IT field in which you want to shine. If
you plan to be purely technical ( a system administrator, programmer ,
multi-media specialist etc) expert then opt for MCA. If you want to apply
your technical skills toward helping the business community in its
requirement then MBA would help you better. No matter whether you take MCA
or MBA , you can specialize further in related fields.